The market has now entered the first phase of the altcoin bull market, where altcoins and Bitcoin's movements begin to diverge. Short-term corrections or increases in the overall market are largely ignored by altcoins. Because everyone knows that a major upward trend has formed, altcoins can move at their own pace.
This is the bull market atmosphere I've been talking about. Those who have experienced the two major bull runs in 2017 and 2021 know that, in a rising atmosphere, altcoin funds are not so sensitive to market trends, and there won't be a situation where the market reacts to every little change. Instead, these funds have a feeling that it's finally their turn.
So whichever has good news, push it hard, because the window for making money is so short; if missed, you might have to wait another 4 years! For promising targets, one should actively chase the rise, but learn to take profits, or it’s easy to get stuck at the peak.
Bitcoin experienced a violent sell-off last night, clearly perceived as manipulation with a clear purpose: to clear out long leverage and then attack again.
Is the Bitcoin trend over? No. Will Bitcoin reach $100k? Yes.
Layout for 3 cryptocurrencies with potential to increase by over 100 times in the future!
1. DYDX
dYdX is a decentralized exchange based on Ethereum. It allows users to borrow, lend, and engage in spot and margin trading. It enables traders to speculate on future cryptocurrency prices without relying on intermediaries.
The platform enhances market liquidity and security through its liquidity and security pools. Additionally, it utilizes an advanced Layer 2 scaling solution powered by zkSTARKS technology, which allows for off-chain verification of transactions while maintaining decentralization.
Currently, dYdX's price is $2.25, reflecting a 20.82% increase in the past 24 hours and a 115.64% increase over the past month. Its market capitalization is $1.45 billion, with trading volume surging by 176.93%. The token's trading price is 58.86% higher than its 200-day SMA, with a neutral RSI of 61.58, indicating balanced momentum. Over the past 30 days, dYdX has achieved 19 green trading days, demonstrating low volatility and strong liquidity, with a trading volume to market cap ratio of 0.0811.
Earlier this year, dYdX partnered with Stride to launch a liquid staking service, expanding its product range and targeting the Cosmos ecosystem. Future collaborations with platforms like Persistence and Quicksilver aim to broaden staking options. This strategic move aligns with the rising trend of liquid staking, offering users more opportunities to earn while enhancing dYdX's influence in the DeFi space.
2. FTT
FTX Token (FTT) has recently gained significant attention. It has shown impressive resilience, rising by 15.4%, with a current trading price of $3.39. In the past week, FTT surged by 47.24%, making it one of the standout tokens in the current market.
The current trading price of FTT is between $2.87 and $4.21, firmly above the 100-day simple moving average (SMA) of $1.96. This positioning supports a sustained upward trend. Meanwhile, the relative strength index (RSI) is at 51, indicating neutral momentum. If FTT breaks above the current resistance level below $4, it may aim for the next target of $5.50, representing a solid growth opportunity.
FTT has seen an astonishing increase of 100.50% in the past month, with an overall positive trend. Given its current pattern and potential breakout, FTT remains a token worth the attention of traders and investors.
3. MOG
Despite market volatility, Mog Coin (MOG) has shown resilience, maintaining an overall bullish trend. The current price is $0.000003255, having surged 34.31% in the past 24 hours. With this growth, its market capitalization has climbed to $1.27 billion, while trading volume has skyrocketed by 322.84%, reaching $317.47 million. The total supply is 390.57 trillion tokens, with a maximum cap of 420.69 trillion, indicating a clear increase in demand for MOG.
This week, the overall cryptocurrency market shows a bullish trend, and Mog Coin has also benefited from this positive momentum. In the past seven days, the price of MOG has increased by over 54%, and daily and monthly trends indicate a continued rise. The buzz on social media, combined with endorsements from celebrities and cryptocurrency influencers, has further boosted MOG's popularity.
